Bank of America 3Q profits fall 19 percent due to charge

Bank of America's third quarter profits fell 19 percent from a year ago as the bank wrote down the value of its long-time joint venture payment processor First Data. Excluding that non-cash charge the bank topped expectations, though it's being pressured by falling interest rates. The bank, based in Charlotte, North Carolina, reported a profit of $5.8 ...

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Bank of America 3Q profits fall 19 percent due to charge

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